Sotherly Hotels (NASDAQ:SOHO) Earns Hold Rating from Analysts at StockNews.com

Research analysts at StockNews.com initiated coverage on shares of Sotherly Hotels (NASDAQ:SOHO) in a note issued to investors on Thursday. The firm set a “hold” rating on the real estate investment trust’s stock.

Sotherly Hotels Stock Performance

Shares of NASDAQ SOHO opened at $0.80 on Thursday. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 7.16. The stock has a market capitalization of $15.78 million, a price-to-earnings ratio of -2.41 and a beta of 1.51. The stock’s fifty day simple moving average is $0.83 and its 200 day simple moving average is $1.02. Sotherly Hotels has a 52-week low of $0.76 and a 52-week high of $1.54.

Institutional Trading of Sotherly Hotels

Hedge funds and other institutional investors have recently modified their holdings of the business. Thompson Davis & CO. Inc. boosted its position in shares of Sotherly Hotels by 21.7% in the fourth quarter. Thompson Davis & CO. Inc. now owns 323,201 shares of the real estate investment trust’s stock worth $301,000 after buying an additional 57,666 shares during the period. Repertoire Partners LP acquired a new stake in shares of Sotherly Hotels in the fourth quarter worth $442,000. Gamco Investors INC. ET AL boosted its position in shares of Sotherly Hotels by 34.7% in the fourth quarter. Gamco Investors INC. ET AL now owns 628,517 shares of the real estate investment trust’s stock worth $585,000 after buying an additional 161,829 shares during the period. Gator Capital Management LLC boosted its position in shares of Sotherly Hotels by 4.8% in the fourth quarter. Gator Capital Management LLC now owns 1,000,187 shares of the real estate investment trust’s stock worth $932,000 after buying an additional 45,383 shares during the period. Finally, Prudential Financial Inc. acquired a new stake in shares of Sotherly Hotels in the fourth quarter worth $33,000. Institutional investors and hedge funds own 27.54% of the company’s stock.

Sotherly Hotels Company Profile

Sotherly Hotels Inc is a self-managed and self-administered lodging REIT focused on the acquisition, renovation, upbranding and repositioning of upscale to upper-upscale full-service hotels in the Southern United States. Sotherly may also opportunistically acquire hotels throughout the United States.